Discover how a Good Psychology Can Help you

When running a business, especially a traditional business, we need to know our niche or unique selling point (as some would call it). Once we have that, we can decide if we want to venture into that business. More importantly, before we even start any businesses, we need to have clarity of the direction and the…

(Click on image for larger view) Looking at the chart above, the NZDUSD has been making dramatic lower lows. As the USD continues to strengthen, more majors are moving in one direction, and this one in particular is moving aggressively. As price is now testing the long term support (~0.664), I’m looking to see…

Do you remember how babies learn to walk? If you don’t, why not go watch them again? Because trading the financial market is a little like learning how to walk. While you may not remember how you started, a quick guess tells me you were probably like any other babies. You were curious to see other…

(Click on image for Larger view) In case you have not noticed, Price of the Japanese Yen is now testing a very interesting level. This Major Resistance level was last tested in July 2007 and price has not been back here since. As Yen continues to weaken, will price (USDJPY) moves higher? My gut feeling…

(Click on image for larger view) Hi All, Here’s a quick update on what I’m looking at. The above is the USDCAD Daily chart and price has recently testing a long term resistance level (~ 1.28). This level was last tested in early part of 2009. However, there was a clear Support-turn-Resistance pattern in Jan 2004…

(Click on image for larger view) Hi All, The above is the GBPUSD on a weekly chart. As you can see, price have been falling since July 2014 (see article) and it is still going strong. With the free fall, price was one directional. Price Action became interesting again at the start of 2015 as…

(Click on image for larger view) Hi Traders, Above is the Gold on a weekly chart. Looking at the big picture, price has not been showing much direction. While price is moving with lower lows and lower highs, price seems to be narrowing into a wedge pattern. In fact, that’s a clear consolidation pattern. How…

Here’s the Story of a Taoist Farmer “There is an old Taoist farmer who had worked his crops for many years. This farmer had only one horse, and one day the horse ran away. The neighbours came to condole over his terrible loss. The farmer said, “What makes you think it is so terrible?” A…

Two and half years ago, I made the decision to relocate to Asia. Once I made the decision, the move was easy. But don’t get me wrong, the decision to move did not go without challenges. In fact, after living in the UK for 11 years, moving was emotionally and physically challenging. Nonetheless, because it…

(Click on image for larger view) Hi Traders, Hope the new year has been treating your well. If not, let’s start by starting afresh today now. The chart above is the AUDUSD weekly chart. As shown above, the market has been on a slow but gradual fall since July 2011. The gradual fall was not…